Speaker 1: And hello, welcome one and all with a big podcast
on this Monday. Today is the twenty seventh day of July,
Year of our Ward, twenty twenty six. My name is
Tom Sullivan. Glad you come by. We have a couple
of running a little late today. I apologize profusely. We
have the Financial Friday Show. We got that back up
and running, and the phone number is the same as
it always has been. You have financial questions, comments, observations.
The phone numbers eight five, five, two, nine, five sixty
six hundred. You can find that not that number on
my website which is Tom Sullivan dot com. So let's
get let's dig into this, because well, the fight for
the between the Democrats is getting to be interesting, more
interesting than it was before. They're really getting down and dirty.
I mean, this is this is no joke anymore. It's
about the Democrat Socialist of America versus the Democrat Party
and the Democrat Party. I guess you could you could
call them the establishment Democrats and the Democrat Socialists of America.
Those are the those are the new socialists that are
out there. So how do we dig into this? Well,
Bernie Sanders is picking a fight and he's picking a
fight with all people. Ram Emmanuel No. Ram is an
interesting guy because we know he was chief of staff
for President Obama. He was a congressman, he was mayor
of Chicago, he was the ambassador to Japan. He's I mean,
he's done an awful lot. And and just between you
and me, he's pretty good speaker. He's a very good speaker.
He comes across authentic, he comes across uh, he speaks well.
And and but the thing about it is he's talking
about the fight between the far left and the and
the democratic establishment, for which he is now becoming the
kind of the figurehead for it. But one't that be
be careful about Rom because he may sound really good
to a lot of moderates, but he has a bunch
of hardcore far left policy ideas that if he gets elected,
he wants to put those into place. Remember when Barack
Obama was elected president, people said, oh, he's the farthest
left president that we have ever had, And well, yes
he was at the time. I think Biden went off
the far left cliff, so he may outdo him. But again,
so Rom was right there. He's pretty far left. He's
not a moderate. He sounds moderate. But let's start with
the fight between Bernie and Rob. Let's start off with
Bernie Sanders.
Speaker 2: You have an establishment like Ram Emmanuel who are dependent
on billionaire campaign contributors that want to maintain the status quo.
Then you'll have a progressive movement, which, by the way,
what is getting these guys there? Forces We are winning
all over this country. Its suddenly Mamdani in New York City,
is in New Jersey, it's at Ohio, it's in Colorado.
People are sick and Tiet are the RAMA manuals and
the Democratic establishment and the Republican establishment. The American people
are Piet. The economy a corrupt campaign finances. They want
real change. They don't want Rama Manuel and the establishment
maintaining the status quo.
Speaker 1: It was interesting he really pointed out to Ram Emanuel.
But I mean, there's a Governor Shapiro from Pennsylvania. There's
a number of Democrats that are out there. But he
didn't mention Gavin Newsom from California. He's going after Ram,
and I wonder why. It must be that RAM is
doing pretty well in their inside polling, and lately Rob
Emmanuel has been making the rounds to a lot of
the TV networks, much more than he ever did before.
So Rab Emmanuel responded to what Bernie had.
Speaker 3: To say, Well, what look the Democrats has said in
that at the end are scene as summer it up,
we can woke. And I still believe though, when you
look forward to twenty twenty six, this is a referendum election.
You have an unpopular war, which you had in No.
Speaker 4: Six.
Speaker 3: You have in this case a lot of corruption as
you did in No.
Speaker 4: Six.
Speaker 3: You have spiking oil prices and gasoline prices as you
did in O. Six. This is, in the end of
the day, a referendum on Donald Trump and a referendum
on the rubberstaff Republican Congress, and anything that distracts from
that is actually going to hinder the effort. I still
believe the Democrats are well positioned as the alternative. If
you look across the elections in the last year, massive
energy among the Democratic Party, independence of breaking two to
one for Democrats and low turnout among Republicans. That is
what happened in nineteen ninety, four, thousand and six, two
thousand and eight, twenty ten, twenty eighteen. There's a law
of physics to midterm elections. I still will bet on
the Democrats, but we have a party problem. We can't
just be about beating Donald Trump. We have to be
for fighting for America, and we have yet to make
that turn as a party.
Speaker 1: Well, he's right, they are focused on Donald Trump and
about how terrible Donald Trump is and he's the worst
person ever. No, you're not going to win by talking
about how bad Donald Trump is. You're going to talk.
You have to tell the American people what your vision
is or the future.
Speaker 3: Well, first look, nothing happening in a winning a primary,
traking a blue district to cobalt blue flips a red
to blue. When we had Nancy Pelosia become speaker in
six past the minimum wage, there's a direct line from
electoral victory to policy changes. Because we won the House
in six and added gains seats in eight, President Obama
had the majorities to both pass universal health care and
financial and regulatory reform. So to me, anything that distracts
from flipping red to blue. Now, maybe some people think
the party is the problem. I happen to think Donald
Trump and the Robostat Republicans are the problem. And maybe
we just have two different objectives, which I think now
to the rig system, which I one hundred percent agree,
Come to Chicago. See twenty thousand kids that got free
community college. Come to Chicago and see what universal pre
k for four year olds and five year olds both
kindergarten and pre k are learning their letters, their numbers,
and their colors. Come to Chicago, where we raise the
minimum wage and seven consecutive years number one city for
corporate relocation, progressive growth. So to me, the problem is
a lot of people in Washington who just basically are
hot air versus what real change is Now. We actually
in Chicago got a free college, not talked about it,
raise the minimum wage, not talk about it, Give kids
four and five universal pre k in kindergarten. I believe
in winning elections that give you the power to get
the policy changes you want. Now, I happen to think
blue to cobot blue doesn't do anything. Now, you got
a bunch of Navy women running around who are running
for Congress in both New Jersey down in South Carolina,
where I've been campaign for. So if you want a
color for the Democratic Party, Navy blue is the color
to go. But blue to blue don't get you a
minimum wage increase.
Speaker 1: Did layouts actly how he thinks. He's all in like
a typical Democrat about look at all the government programs
in Chicago. We did this, we did that, We did
all government programs, And that's kind of what he probably
would want to do if he was elected president. He's running,
he just hasn't made it official yet. He also said
that the Democrats are weak and woke. Agreed, But the
other part he skipped over was the fact that the
Democrat Party literally has mortgaged the building that the Democrat
National headquarters occupies. They own it, they're mortgaging it so
they can get some money to try to fund Democrat campaigns.
They're broke, so they're going in debt by mortgaging the
building that they occupy. The Republicans have two hundred million
dollars in the bank. So the different financially between the
Republican and Democrat Party is a huge difference. Here's some
more rom.
Speaker 3: Well, look here one thing we agree on, systems rigged.
It is rigged against middle class families and another generation
kids getting into the middle class. Now, how do you
affect that change? Now, Bernie I agree. Talked about free
college in Chicago first city ever to give community college
free if you've got to be average. Twenty thousand kids
have availed themselves of that. We have also given four
year olds and five year olds universal full day kindergarten
and pre kate. I believe in those investments so kids
have a chance for their full potential. And we raise
the minimum wage each year for the last eleven years,
affecting thousands and thousands of families. What I don't believe
in is having he's been in Congress, Bernie and I
worked on reimportation together. He tried for years, I finally
got it passed. So the question is do you win
elections that give you the power to make the policy
changes you want, And taking a district that is held
by a Democrat and making it another Democrat is no
closer for a minimum Wasshi that the American people rely on,
No closer to getting universal health care that people rely on,
No closer to helping their kids get out of the
basement and get a home for their own, no closer
to turning health care from a nightmare to actually a
peace of mind. That to me, when the elections make
the changes, turning a blue district blue just doesn't cut
it or, as we like to say in Chicago that
dog loon hunt.
Speaker 1: Well, a couple of things. First of all, Chicago is
a mess. Their crime rate. We always we haven't done
it for quite some time. We used to talk about
the weekend death count from the gun battles that they had.
There's a lot of crime in Chicago. There's a lot
of things. The Chicago schools are miserable failures that kids
are not even close to keeping up with the standards
where they're supposed to be. So he's but he keeps
poking more government programs like a true Democrat. And that's
where Ram Emmanuel is. But again, the fact that the
Democrat National Committee at the mortgage they're building in DC,
it's kind of sad. Mark Kuputo from Axios at this.
Speaker 5: Observation as a sort of the Democrats catching up to
where Republicans were in twenty ten. I mean, it's been
written about and said about a little is that this
is sort of the Democratic Party's tea party movement. And
I mean obviously their version of it, this to a
degree is perceived from the Trump White House as a
possible advantage because they think, well, we've always accused Democrats
of being communists. Now they're actually picking communist as Chevalier
is the example in New York, and not sure how
fully accurate it is, but that's going to be the
battle line that the Republicans.
Speaker 6: Are going to be drawing with the Democrats.
Speaker 1: So we need to add not only weak and woke
and broke, but also communists, sort of that whole thing
in there. All right, you're ready for a little surprise.
Harry Enton, the statistician over at CNN, he has been
looking at what people think about the Democrats versus the
Republicans on a couple of main issues. You'll be surprised
at this. Here's Harry.
Speaker 4: Johnny b is not the only one who's surprised.
Speaker 7: You would be taught looking at all the news coverage,
would be looking at all the polling and President Trump,
and you would think that Democrats would be able to
take advantage and be dominating Republicans when it comes to
who is trusted to handle the IRN war. That simply put,
is not the case at all. I mean, these numbers
are quite surprising. Trust Dems are Republicans on a run.
According to the NBC earlier this month. You think, okay,
that's one poll, the Republicans trusted by two points.
Speaker 4: But then CBS News comes out yesterday and what do
you see. You see the exact same thing. Trump and
the Republicans take the cake. They are trusted by two
points on a run.
Speaker 7: Now, one poll is one thing, but you put the
two of them together and you can see that the
American people, simply put, are not buying what Democrats are
selling on a run. They still trust Republicans more. Even
if you look at President Trump's approval ratings on the
subject and they're negative to two, but yet Republicans and
Trump still more trusted than Democrats are in.
Speaker 1: A way, so surprise, surprise what people are unhappy. I've
talked about this a number of times. They don't like
the Republicans. They don't like the Democrats even more Democrats
and they're broken, they woke, and they're weak, but they're
they're just people are not happy with politicians. But the
Republicans are outnumbering the Democrats. And you would think when
you listen to the media, you watch the media, you
read the media, you would think that the Republicans are
going to get absolutely creamed in the midterm elections. But
not according to this poll.
Speaker 4: No, and this is even more surprising. Right. You might think, okay,
as the war has gone on and on and on, you.
Speaker 7: Might think, hey, the Democrats would be gaining ground in
terms of trust that the American people would give them
on a run.
Speaker 4: If anything, it's the opposite.
Speaker 7: It's the opposite trust Democrats or Republicans weren't run in April.
According to a Washington Post episodes Paul, the Democrats are
more trusted by two points again close March, no clear leader.
Speaker 4: But look where the shift has been.
Speaker 7: If anything, the shift has been in the Republican direction.
Now the Republicans and Donald Trump are trusted more by
two points on a run.
Speaker 4: So again, over the course of the war, of anything.
Speaker 7: The Republicans have been the ones that have been gaining ground,
which I think just goes so opposed to all of
the news coverage that we have seen so far and
all of you know, the media, you would think, hey,
but no, the American people are actually trusting the Republicans
and Trump, if anything, more now than they were let's say,
halfway through the help.
Speaker 1: So the reason for all of this is simple. People
don't like the Democrats more than they just like the Republicans,
so they don't like either one of them. But Democrats
have an even worse reputation.
Speaker 4: This is a big part of it.
Speaker 7: The Democratic Party and the minds of the American public
are weak, weak, weak, to quote the great Tony Blair.
I mean, just look at this, Just look at these
Nuttheroer ratings of Democrats in Congress in late February at
the beginning of the war was minus forty one points,
minus thirty nine, minus thirty nine. And so you're just
looking at these numbers right here, and you go to yourself,
no wonder, no wonder, what's going on at this point
that Democrats simply put, cannot take the ball and run
with it. And actually in the pollsby Trusted Morning run
because the Democrats in Congress, simply put, are not well liked.
In fact, these are the three lowest on record in
terms of percentage points for the approval for Democrats in Congress.
So it all puts together a picture Donald Trump. Republicans
may not be like, but Democrats in Congress are really hated.
Speaker 1: So again the question was about who can handle the
war and Ron better, the Republicans or Democrats. There's a
guy I don't want to mention his name because I
don't think he would sue me, because I've got lots
of evidence. We used to have him when I was
at Fox. We used to have him come in as
the Democrat voice. We tried this guy out. He didn't
last long. It lasted I don't know a couple of months.
And he's a lefty and we found that he would
just make up his own facts, make up stories using
his own facts which.
Speaker 8: Were not true.
Speaker 1: And we caught him on it a couple of times
that you can't do that. I don't care if you
have a different opinion, but your facts can't be They
have to be honest, they have to be truthful. Well,
guess what. This guy now works at CNN. They gave
him a job and he has been probably the primary
voice at CNN describing how the US is running out
of arms, running out of armament and it's not true.
And it did not surprise me when I saw this
guy reporting on it. I thought he just makes up
his own facts. Mike Walls, the UN Ambassador for US,
came out of his shoes about it today.
Speaker 3: I want to be crystal clear.
Speaker 9: The US military and I've verified this every which way,
has everything that it needs to conduct this campaign as
effectively as it needs to be. And I have to
tell you that people that are leaking this nonsense deserve
to be in jail.
Speaker 1: Well, I think I know one that you might want
to talk to. Listen, this isn't leaking this someone I
think is just making up their own facts. You think
Admiral Cooper, who everybody praises left and right, the head
of Sentcom. He is a well regarded military leader. Do
you think he would just be burning through our stockpile
of weapons if he knew he was going to run
out soon? You know that he's managing that.
Speaker 4: You know he is.
Speaker 1: And he's not the only one. There's people of the Pentagon.
That's their job to know how much we're spending, how
much we're bringing, how much we're making everything about it.
So it's I've totally dismissed that as an issue. Now
I haven't dismissed and I'm still oh Man, over the weekend,
I just pulling my hair out. Why can I ask
you why does the president keep stopping the military campaign?
I don't well, Waltz as much as he just talked
about it, he's verified backwards and forwards, the fact that
we're not blowing through our armament inventory. But he also said, yeah,
he also has to make things up to keep the
president happy. And he said, well, President put everything on
pause to give space to the talks, to ongoing talks.
And I'm going, what do you mean giving space? What
we're not going to back We're not going back to
negotiation with these guys, are we?
Speaker 4: Is that with the president?
Speaker 1: Why won't the President pursue the military option? He stopped
it again over the weekend. Brett mcgirk's talking about what
he sees Kate is tough.
Speaker 6: Five months tomorrow will be the five month mark of
when this conflict started. And I had a saying when
I used to work in the White House for various presidents,
from General Eisenhower when he was president, he used to say,
before we talk about decisive military action, layout all the facts,
cold and hard. And it appears from the reporting from
CNN and elsewhere that this meeting late last week did
that and said here are all the factors as we
consider next steps. That's good, That's exactly the type of
information president should be getting. It's probably the type of
meeting that should have been had before this started. But
where are we now? I would call this, Kate, a
tactical pause. I think we had thirteen nights of strikes,
their back channels opened through Aman and Or to try
to get the straight back to where it was before
those strikes started two weeks ago, and that I'm told
they're making some progress. So a tactical pause and see
where we are, see if diplomacy can get somewhere. But
otherwise we're still kind of stuck because the key variable
remains the straight of hor Mooz. And if Iron is
not going to is going to maintain that the straight
of hermoves is it's sovereign territory. It controls what goes
through the strait. I don't see Washington accepting that, nor
do the Gulf States accept that, and therefore you're kind
of stuck. So it's a big week, k We got
visits coming up to Washington. That yah, who's here, as
Olenski's here, we'll see the diplomacy go. But right now,
tactical pause.
Speaker 1: I'm going crazy. I don't know why we keep stopping.
I do not know. And again to pursue what talks
with people you can't trust absolutely nuts in my opinion.
So bb net and Yahoo is going to be in
Washington tomorrow and Wednesday, at least tomorrow. There's a memorial
service for Senator Lindsey Graham tomorrow in Washington, Wednesday in
South Carolina, and President Zelenski from Ukraine is coming. Bb
net in Yaho is going to be there, So they're
going to have a chance to sit down with President
Trump and talk eye to eye about what's going on
with the war in Iran. Here's a little bit from
net and Yahoo today.
Speaker 10: I think when this regime is either toppled or it's
sufficiently weakened that it knows it has to end its
nuclear program and has to change its course, I think
it's a good thing to have the opportunity to sit
with our good friend President thumpin to hear what he
has in mind.
Speaker 1: I'd like to know what he has in mind too,
because it keeps changing, and that's making it harder for
our troops. It's making it harder. It's going to keep
this war going longer than it needs to go. It
should have been over by now. It could have been
over by now. I wish the President would get out
of the way and let the military complete their mission.
And speaking of Bib, remember there was a big ruckerts
with Mayor. Ma'am Donnie said that he was going to
arrest Bib, and then he came out later and said,
I guess I don't have the power to do that.
So while Bib was asked about all things regarding the
Iran war, he also was asked about the latest on
Ma'am Donnie.
Speaker 10: He's supposed to be the mayor of all New Yorkers, Jews, Christians, Muslims, everyone,
but he's trying to turn one group against the other.
I speak to Jewish Americans in New York and they're
afraid right now. And I don't think it's accidental that
after he made this hate speech against Israel and against me,
the next day a Jewish stabbed coming out of a synagogue,
I think, and with a cry of Allah's akaba allah akabah.
This thing is very bad for New York. I think
it's very bad for peace. But the answer to your question,
I intend to come and speak the truth, speak for
Israel and for the Israelian American Alliance from the podium
of the United Nations.
Speaker 1: I got a lot going on tomorrow. First, of all,
like I said, BB and Zelenski will be in DC.
They will have a chance to sit down eye to
eye with President Trump. We've also got the FED meeting
starts tomorrow, two day meeting tomorrow and Wednesday. We'll find
out if the Fed what they're going to do with
interest rates, if anything. And Kevin Walsh, the new FED chairman,
is keeping those cards real close to his vest on
what he's going to recommend. Remember, he's only one vote.
There's twelve people at the table. He's only one of them.
So we'll see what he comes up with. And speaking
of the President, and I don't know he gets enamored
with these I don't understand his foreign policy sometimes. And
this one he was asked about when he was on
Air Force one head. They said, well, what do you
think about the fact that we're getting all this information
from Zelensky that Russia is helping build the drones and
also help with targeting where the American troops are helping
to run. Russia is helping to run They've always helped
Iran and the President doesn't believe it.
Speaker 11: Well, we'll find out if this while ask Luton about it,
we'll find out they gave Venezuela a lot of equipment.
Venezuela had all Russian equipment. How did that work out?
Not too good. I don't think they've been doing it,
certainly not at a high level. And if they have,
it has been very unimpactful.
Speaker 1: Doesn't think they're doing it, and he's gonna but he's
going to ask Putin about it. General Philip Breedlove is
a true warrior and his reaction to what the President
said is as follows.
Speaker 8: And yes, I do think it's it's pactful, and it's
going to have make people think. Not the Black Sea.
Everybody expects Ukraine to exert power in the Black Sea.
This is the Cospiancy, and impacting shipping in and out
of Russia via the Caspiancy is a big deal. Russia
is going to have real problems with that.
Speaker 1: So the general was asked, do you think that Russia
is helping Iran? Absolutely?
Speaker 4: Right now.
Speaker 8: Iran has both China and Russia helping them.
Speaker 1: There is not a shadow of a doubt.
Speaker 8: I think, you know, it's important that our president has
these relationships, but I think it's also important for him
to understand that mister Putin is the father of lies.
Misinformation is the statement of the day. You've seen Miss
Lumer come across with understanding now how Russia has been
misleading the world. We will all soon realize what many
of us already do, realize that Russia has no intention
of being a partner for peace in Ukraine.
Speaker 1: I don't understand it either, I really don't. The President's
going to ask Putin about whether they're helping or run.
He's going to ask them. I'm baffled by all of this.
All right, So let's go to Seattle. Over the weekend.
There was a shooting and three dead and a bunch
of people were injured. And it was right by where
the World's fair Grounds were back in nineteen sixty one,
I think it was. They built the Space Needle and
they've got this like a seventy eighty acre area and
they've got the entertainment facilities there. And so they had
an annual event in Seattle called Bite of Seattle. And
you've got a lot of restaurants come there and they
have their food ready for people to sample. So it's
a big crowd. There's two hundred and fifty three hundred
thousand people come to it every year. And so they
had it over the weekend and two guys got into
a gunfight. They were shooting at each other, but they
weren't very good with their aim, and that is how
you have three dead and multiple people shot. It brings
up this wasn't a mass shooting. They weren't there to
shoot up the crowd. They weren't there to hurt the crowd.
They were there to hurt each other. They just couldn't
shoot straight. So Juliet Kaiam, former FBI person, knows all
about terrorist cases. Weight in.
Speaker 4: First.
Speaker 12: Let we'll start with the manhunt, because that's important. It
is clear, or it became clear overnight that the Seattle
police understood that this mass shooting was between people or
people who were probably targeting each other. The crowd ended
up just sort of bystandards and victims, and they need
to find this guy. This man hunt probably will not
take that long. They've got so many videos of what
was happening. We've seen some of them, eyewitnesses, videos from cameras,
possibly videos at the festival. That will be number one
simply because they're a murderer.
Speaker 3: There's a murderer on.
Speaker 12: The loose, but also obviously for the city to be
able to move on to the extent one can after
a tragedy like this.
Speaker 1: So the meantime over in Germany over the weekend they
had a big LGBTQ festival going on in somebody in
their car truck went ramming through the crowd. One person
was killed, a bunch of people were injured. But again
it goes back to this whole idea about do you
feel safe going to events where there are large crowds.
It makes you you always have to look for a
way out, You have to know where your exit is.
But in this case, this wasn't in Seattle. It wasn't
that they were going after the crowd. They were just
shooting at each other. The same there was a story
in oh, I guess a year or two ago in
Sacramento where they had a gun fight outside a bar
and a bunch of there was some bunch of people
killed that weren't part of it. So you've got you
gotta look around, you gotta have your head on a
swivel to keep track of just exactly who are the
people in the crowd and what are they doing. But
nowadays they don't get in fights. They pull out guns
and shoot at each other. All right, Wall Street today,
let's see what happened. It was. We started off very positive,
then we went very unpositive. But when all was said
and done, the Dow Jones industrials made a gain back
to two hundred and sixty two point gain now at
fifty two two ten s and p up one, NAZDAC
down forty three. Gold was up five dollars of four
thousand and eighty two, and oil after the word over
the weekend. Oh, the president's putting the war on pause.
I don't know like these oil traders are. I think
they're getting dupe. But anyway, oil's down. It went down
almost a buck to eighty two dollars for West Texas Intermediate.
That's it for today. Thank you for coming by. We'll
be back again tomorrow. Hope to see you then,